Tax Faculty news

Newswire and news pages are changing

Wed, 07 Jan 2009 16:53:33 GMT

About our new look and RSS

How sure are you that your company is not a managed service company?

Tue, 16 Dec 2008 16:19:53 GMT

Let-out from MSC status challenged by HMRC

Compliance Reform Forum

Tue, 16 Dec 2008 16:19:07 GMT

HMRC publishes minutes and terms of reference

Latest consultations on HMRC powers

Tue, 16 Dec 2008 16:18:08 GMT

Draft legislation published

Tax credits factsheets

Tue, 16 Dec 2008 16:17:20 GMT

Leaving the UK or coming to the UK

Paying tax by direct debit

Tue, 16 Dec 2008 16:16:21 GMT

New information from HMRC

The TAXline Pre-Budget Report supplement

Tue, 16 Dec 2008 15:34:46 GMT

Now available on our website

Common reasons for the rejection of SA returns

Tue, 16 Dec 2008 12:26:02 GMT

December update to common issues and workarounds for agents using commercial software to file Self Assessment returns

Employment Status Indicator

Tue, 16 Dec 2008 12:04:43 GMT

Updated version of ESI tool

Tax relief for business expenditure on cars

Tue, 16 Dec 2008 12:00:53 GMT

Technical note and draft legislation

Taxation of Foreign Company Profits

Mon, 15 Dec 2008 17:21:24 GMT

The government publishes draft clauses

VAT - Excess charges in non-local authority car parks

Mon, 15 Dec 2008 17:20:37 GMT

Some charges are outside the scope of VAT

Late paid interest between connected companies and release of trade debts

Mon, 15 Dec 2008 17:19:05 GMT

Draft legislation is published for comment by 16 January 2009

Do you have any American clients?

Mon, 15 Dec 2008 17:18:15 GMT

They may need to pay UK tax by 31 December 2008

Working Together

Mon, 15 Dec 2008 17:17:16 GMT

HMRC publishes Issue 33

Requests for VAT clearances from HMRC – your experiences

Mon, 15 Dec 2008 17:16:26 GMT

Tell us your experiences of VAT clearances

Coping without payslips

Mon, 15 Dec 2008 17:15:41 GMT

HMRC bank account details

Corporation tax and returns for smaller companies

Mon, 15 Dec 2008 17:14:52 GMT

Could this mean the end of accounts as we know them?

Corporation Tax Bill published

Mon, 15 Dec 2008 17:14:00 GMT

The fifth Tax Law Rewrite Bill has been published

HMRC office reorganisation and staffing

Tue, 09 Dec 2008 12:29:07 GMT

A statement from the Minister

Funds in dormant accounts – Government proposals

Tue, 09 Dec 2008 12:27:44 GMT

Tax Faculty comments in TAXREP 83/08

Business Payment Support Service

Tue, 09 Dec 2008 11:19:12 GMT

HMRC publicises further information about how its new approach to debt will work in practice

Pre-Budget Report 2008 – Treasury Committee Inquiry

Mon, 08 Dec 2008 16:17:40 GMT

Tax Faculty submits written evidence

Saving Gateway

Mon, 08 Dec 2008 16:16:47 GMT

What it is and who qualifies

Guidance on residence and domicile and related matters

Mon, 08 Dec 2008 16:15:51 GMT

Tax Faculty submits comments

E-filing by employers

Mon, 08 Dec 2008 16:14:58 GMT

A reminder that the next phase of the Carter proposals comes into effect next April.

Unique Taxpayer Reference (UTR) Fast-track

Mon, 08 Dec 2008 16:14:13 GMT

How to get a UTR very quickly

Capital allowances hybrid rate Ready Reckoner

Mon, 08 Dec 2008 16:13:02 GMT

Table of hybrid rates published

Advisory fuel rates

Mon, 08 Dec 2008 16:10:51 GMT

New rates from 1 January 2009

Capital allowances hybrid rate Ready Reckoner

Mon, 08 Dec 2008 16:09:07 GMT

Table of hybrid rates published

Trust returns

Tue, 02 Dec 2008 12:53:18 GMT

How to e-file when you need to add more entries than is possible with your software product

The test claimants in the FII Group Litigation case

Tue, 02 Dec 2008 12:39:38 GMT

Following the ECJ judgment business wins the first battle in the UK courts

HMRC delivers belated customer service on wrong P11D(b) penalties

Tue, 02 Dec 2008 12:26:36 GMT

HMRC has adopted our suggestion

Pre-Budget Report 2008

Fri, 28 Nov 2008 10:38:22 GMT

The Tax Faculty's summary

Grace case reaches High Court

Mon, 24 Nov 2008 13:48:55 GMT

The hopes of another pilot are dashed as Court decides for HMRC

New rates of interest on tax paid late and overpaid

Mon, 24 Nov 2008 13:47:43 GMT

Effective from 6 December 2008

Self Assessment online filing update for agents

Mon, 24 Nov 2008 13:30:14 GMT

The HMRC Self Assessment online filing update for agents, last published in September has been updated for recent events.

Paying tax online by credit card

Mon, 24 Nov 2008 13:23:15 GMT

HMRC is planning to give taxpayers the option of paying tax by credit card. This method of payment is not yet available, but when it is, HMRC intends to charge a fee to those who use it.

Pre-Budget Report 2008 - predictions

Fri, 21 Nov 2008 16:32:12 GMT

What to expect on Monday 24 November

Double Taxation Digest

Fri, 21 Nov 2008 16:28:17 GMT

HMRC has published an updated version of the Digest

New Double Tax Treaty with Libya

Fri, 21 Nov 2008 16:27:17 GMT

UK and Libya agree the terms of a Treaty

SME status following a takeover

Fri, 21 Nov 2008 15:23:18 GMT

HMRC announces change of practice

Penalties for Outstanding P11D(b) Returns

Fri, 21 Nov 2008 15:17:01 GMT

HMRC to discharge incorrect penalties

VAT quarterly returns online

Fri, 21 Nov 2008 15:16:21 GMT

Email reminders to start again soon

PAYE

Tue, 18 Nov 2008 13:34:53 GMT

Penalties for outstanding 2007/08 P11D(b) returns

More literature on new penalties

Mon, 17 Nov 2008 15:25:54 GMT

New Powerpoint presentation for agents to use

Have you been locked out?

Mon, 17 Nov 2008 15:25:06 GMT

Some agents adversely affected by recent HMRC system upgrade

New rates of interest

Mon, 17 Nov 2008 15:24:23 GMT

Quarterly instalment payments and early payments of corporation tax not due by instalments

Revenue and Customs Brief 51/08

Mon, 17 Nov 2008 15:08:52 GMT

Life insurance policies held on bare trusts for minors

Tax appeals reform

Mon, 17 Nov 2008 14:39:26 GMT

HMRC updates its web pages

Rules for tax appeals in new tribunal structure

Mon, 17 Nov 2008 14:38:07 GMT

Tax Faculty publishes TAXREP 78/08

Tax Law Rewrite corporation tax (Bill 6)

Mon, 17 Nov 2008 13:49:46 GMT

Tax Faculty submits comments on five further Tax Law Rewrite papers

Paying Taxes throughout the world

Mon, 17 Nov 2008 11:50:53 GMT

The World Bank and PwC compare relative national performance

Leasing anti-avoidance

Mon, 17 Nov 2008 11:42:28 GMT

HMRC announces three measures effective from 13 November 2008

Still struggling with workarounds for SA e-filing?

Mon, 17 Nov 2008 11:33:50 GMT

Check you have installed the latest version

European Union Savings Directive

Mon, 17 Nov 2008 11:13:03 GMT

The European Union has agreed to make improvements to the Savings Directive

New agents registering for e-filing

Mon, 17 Nov 2008 11:12:12 GMT

You will need your self-assessment agent reference number.

Pre Budget Report 2008

Thu, 13 Nov 2008 14:24:40 GMT

Date announced

New HMRC payroll product to help agents and employers

Mon, 10 Nov 2008 14:32:45 GMT

HMRC is currently looking for volunteers to test a new product, PAYE Desktop Viewer (PDV). This is an addition to the Data Provisioning Service (DPS).

OECD project on High Net Worth Individuals

Mon, 10 Nov 2008 13:53:58 GMT

OECD has published a discussion paper in relation to its project looking at the best way for administrations to deal with the tax affairs of High Net Worth Individuals (HNWI).

Tribunals reform

Mon, 10 Nov 2008 13:19:11 GMT

The central government appeal tribunals are being radically reorganised into a unified two-tier system. The Ministry of Justice announced on 3 November that the first section of the new system is now open for business.

Guidance on the Finace Act 2008 residence and domicile rules

Fri, 07 Nov 2008 15:22:00 GMT

The Finance Act 2008 made major changes to the tax rules on domicile, the remittance basis and residence which apply from 6 April 2008. The Tax Faculty has published guidance on this topic in TAXGUIDE 8/08 - Domicile, remittance basis and residence: guidance on the Finance Act 2008 legislation.

The new capital allowances regime

Tue, 04 Nov 2008 12:30:46 GMT

Illustrations of the computations

The new capital allowances regime

Tue, 04 Nov 2008 12:30:46 GMT

Illustrations of the computations

Freedom of Information Act

Tue, 04 Nov 2008 12:13:27 GMT

Where to find HMRC’s guidance

Corporation Tax Forms

Mon, 03 Nov 2008 18:50:33 GMT

Forms published for periods ending after 31 March 2008

Changes in VAT registration details, including deregistrations

Mon, 03 Nov 2008 18:45:52 GMT

There is a new address to which to send these changes

Working Together

Mon, 03 Nov 2008 18:41:45 GMT

A special autumn Bulletin is published.

Gaines-Cooper case - tax residence and domicile

Mon, 03 Nov 2008 18:35:04 GMT

The taxpayer loses in the Court of Appeal

New motor car benefit in kind averaging for the motor industry

Mon, 03 Nov 2008 18:28:24 GMT

New arrangements are announced for 2009-10

Joint Forum on Expatriates’ Tax and NICs

Mon, 03 Nov 2008 18:12:58 GMT

Minutes of 18 September 2008 meeting

Management of large Business Corporation Tax

Mon, 03 Nov 2008 18:12:09 GMT

Public Accounts Committee reviews 2007 National Audit Office Report

SA100 self assessment returns

Mon, 03 Nov 2008 17:41:00 GMT

Tax Faculty says that new return and guidance are not user friendly

Tax Avoidance Schemes – the disclosure regime

Mon, 03 Nov 2008 17:35:19 GMT

HMRC publishes latest statistics on the number of disclosures

Tax Information Exchange Agreements

Mon, 03 Nov 2008 17:04:17 GMT

16 new agreements signed in week ending 31 October 2008

Whether arrangements are abusive

Mon, 03 Nov 2008 16:53:26 GMT

Whether arrangements are abusive

Tax and National Insurance on employee benefits

Tue, 28 Oct 2008 16:44:14 GMT

Tax Faculty says: harmonise treatment in such a way that employers can comply

Service interruptions and other issues

Tue, 28 Oct 2008 16:40:28 GMT

Latest news on the comings and goings of the HMRC e-filing service

New interest rates announced

Tue, 28 Oct 2008 16:13:24 GMT

New rates of interest on direct and indirect taxes and NIC paid late and overpaid were announced last week.

VAT quarterly returns for period ending 30 September

Tue, 28 Oct 2008 16:12:46 GMT

Have your clients had a reminder this month?

HMRC Agent update

Tue, 28 Oct 2008 16:11:52 GMT

Issue 8 of the HMRC Agent Update is now available.

Charities and CASCs

Tue, 28 Oct 2008 16:09:23 GMT

Gift Aid toolkit makes it easier

Consultation on tax abuses of employee travel rules

Tue, 21 Oct 2008 10:34:34 GMT

Tax Faculty says, use existing legislation rather than making more new rules

Paper tax returns and 31 October filing deadline

Tue, 21 Oct 2008 10:33:29 GMT

More guidance from HMRC

New HMRC interest rates

Mon, 20 Oct 2008 15:38:54 GMT

For quarterly instalments and early payments of corporation tax

HMRC’s online PAYE service

Mon, 20 Oct 2008 15:38:05 GMT

Not available from 22 to 26 October

Countdown to new SA deadline continues

Mon, 20 Oct 2008 15:37:17 GMT

HMRC will not be opening any enquiries in the two weeks leading to 31 October

SA filing deadline for partnership retunes

Mon, 20 Oct 2008 15:36:10 GMT

File on paper by 31 October or else use commercial software

The structure of a tax system affects economic growth

Mon, 20 Oct 2008 15:34:35 GMT

An OECD study shows a clear link

Ombudsman’s report

Tue, 14 Oct 2008 14:32:44 GMT

Tax credits still top of the complaints about HMRC

Chief Executive and Permanent Secretary at HMRC

Tue, 14 Oct 2008 11:56:29 GMT

New appointments announced

Self assessment online filing update for agents

Tue, 14 Oct 2008 10:35:36 GMT

Will clients who miss the 31 October deadline get penalty notices?

OECD Study – the impact of corporation tax on individual businesses

Tue, 14 Oct 2008 10:28:18 GMT

Corporation tax hinders business development

New-style forms P45

Tue, 14 Oct 2008 10:22:27 GMT

Not available this month, after all

More e-filing tips and traps

Tue, 14 Oct 2008 10:15:47 GMT

Multiple sources may not need to be listed in full

Unrepresented taxpayers to be pre registered to e-file

Tue, 14 Oct 2008 10:04:17 GMT

Drive to e-file self assessment returns ratchets up a notch

Reasonable excuse claims for problems post 31 October 2008

Mon, 06 Oct 2008 14:18:03 GMT

Self Assessment online filing update for agents
With the new deadline for filing tax returns on paper for individuals, partnerships and trusts drawing closer, members have begun asking what will happen if they try to file online after 31 October, but can’t.

The Value Added Tax (Finance) (No. 2) Order 2008

Mon, 06 Oct 2008 13:33:27 GMT

Clarifying the scope of VAT re management of special investment funds

EU savings directive

Mon, 06 Oct 2008 12:56:42 GMT

The European Union put in place the Savings Directive in the middle of 2005 and paying agents must in the main exchange information with Member States when interest is paid to a resident of another Member State.

HMRC brief 47/08

Mon, 06 Oct 2008 12:51:10 GMT

Interest payments treated as distributions are not subject to deduction at source

National minimum wage

Mon, 06 Oct 2008 12:44:27 GMT

The rates National Minimum Wage (NMW) have increased from 1 October 2008.

Double tax agreements with Isle of Man

Mon, 06 Oct 2008 12:30:17 GMT

The UK and Isle of Man agreed to an Exchange of Information Agreement on 29 September 2008 and also agreed to modifications to the existing 1955 Double Tax Agreement between the two countries.

Double Tax Agreement with Netherlands

Mon, 06 Oct 2008 12:04:00 GMT

A new Treaty was signed in London on 26 September and will come into force once it has been ratified by the two countries.

VAT Partial Exemption and Capital Goods Scheme Consultation

Mon, 06 Oct 2008 11:58:34 GMT

Consultation on simplification

The Tax Faculty has submitted TAXREP 75/08 in response to a consultation paper issued by HMRC with the aim of simplifying the VAT partial exemption and capital goods scheme rules.

EC review of existing legislation on VAT invoicing

Mon, 29 Sep 2008 13:10:58 GMT

Tax Faculty comments

Replacement Guidance for Residence and Domicile

Mon, 29 Sep 2008 13:10:19 GMT

Your chance to influence thinking

PAYE e-filing

Mon, 29 Sep 2008 13:09:34 GMT

Service interruptions planned and data about to be deleted for ever

Paper tax return processing delays

Mon, 29 Sep 2008 13:08:52 GMT

We recommend marking clearly where a repayment is due

P45 Stationery update

Mon, 29 Sep 2008 13:08:10 GMT

The P45 is about to grow

OECD – transfer pricing re corporate restructurings

Mon, 29 Sep 2008 13:07:13 GMT

OECD requests comments on its discussion draft by mid February 2009

OECD – new Head of Tax Administration

Mon, 29 Sep 2008 13:05:42 GMT

Sean Moriarty from Ireland takes over

Mandation of ‘e’ for in-year PAYE

Mon, 29 Sep 2008 13:04:52 GMT

Make sure your clients are ready for the change

Latest edition of Working Together now available

Mon, 29 Sep 2008 13:04:19 GMT

Top tips on tax return filing and contacting HMRC

Ever struggled to fill in a P45 or P46?

Mon, 29 Sep 2008 13:03:31 GMT

HMRC answers some of those knotty practical questions about new employees

European Union – Common Tax base project delayed

Mon, 29 Sep 2008 13:02:27 GMT

The EU will delay the common tax base project

The Companies Act 2006 - October Implementation

Mon, 29 Sep 2008 09:16:09 GMT

To ensure the successful implementation of the Companies Act changes, all Companies House online services will close at 10pm on 30th September.

Trusts: the transitional Serial Interest deadline is looming

Mon, 22 Sep 2008 14:31:06 GMT

You may need to take action before 5 October

Demibourne guidance published at last

Mon, 22 Sep 2008 14:30:30 GMT

What happens to the tax when a worker is recategorised as an employee?

Capital gains computations

Mon, 22 Sep 2008 14:29:47 GMT

Are your e-filed returns complete?

2007/08 Employer end-of-year online filing

Mon, 22 Sep 2008 14:28:42 GMT

The jury is out as to whether this year has been successful

VAT adjustments when house builders let their dwellings before sale

Mon, 22 Sep 2008 14:12:31 GMT

HMRC issues guidance

Foreign Company Profits – an update

Mon, 22 Sep 2008 14:02:29 GMT

We reported in an earlier news item the issue by the Government on 21 July of a Technical Note accompanying letters to the CBI and the 100 Group.

There were a number of meetings during the summer

EU Commission questions UK law on cross border losses

Mon, 22 Sep 2008 12:55:20 GMT

The UK must implement the ECJ Marks & Spencer judgment properly

Emissions trading rights auction

Mon, 22 Sep 2008 12:44:05 GMT

Government announces the first auction of trading rights

Chinese send an observer to JITSIC in London

Mon, 22 Sep 2008 12:28:18 GMT

An observer arrives in September 2008 for 3 months

VAT: Loyalty Schemes

Mon, 22 Sep 2008 12:25:52 GMT

HMRC sets out its view after losing in the Court of Appeal

Latest on powers proposals

Tue, 16 Sep 2008 09:28:28 GMT

Tax Faculty responds to the consultation documents on late filing and interest

Tax Faculty submits 2008 Pre Budget Report representation

Tue, 16 Sep 2008 09:27:43 GMT

Key issues that need to be addressed

Taxpayer loses IR35 appeal

Tue, 16 Sep 2008 09:26:19 GMT

Right of substitution proves to be a stumbling block

A new taxpayers’ charter

Mon, 15 Sep 2008 14:57:35 GMT

Tax Faculty submits its comments on the June consultation document

Tax appeals reform

Tue, 09 Sep 2008 15:21:59 GMT

MoJ consultation on procedures for the new tax tribunals

2009 Tax Faculty Residential Conference

Tue, 09 Sep 2008 15:10:50 GMT

A date for your diary

Transfers of IHT nil rate bands

Tue, 09 Sep 2008 14:21:30 GMT

TAXREP 60/08 – Tax Faculty comments on HMRC’s draft guidance

Tax credits and childcare costs

Tue, 09 Sep 2008 12:07:44 GMT

Updated HMRC guidance

Do not forget next months new tax return deadline

Tue, 09 Sep 2008 11:25:25 GMT

31 October looms

Stamp duty land tax

Tue, 09 Sep 2008 11:17:47 GMT

Government announces a year’s ‘holiday’ to boost housing market

OECD study into banks

Mon, 08 Sep 2008 16:13:12 GMT

OECD publishes the terms of reference of its report into banks

PAYE Online – in-year forms and service upgrade

Mon, 08 Sep 2008 16:10:24 GMT

Information to be mailed to agents

Payments of IHT

Mon, 08 Sep 2008 16:09:21 GMT

Tax Faculty says HMRC should not stop issuing receipts

HMRC proposals for payrolling benefits in kind

Mon, 08 Sep 2008 16:07:01 GMT

TAXREP 69/08 – Tax Faculty sounds a note of caution

Relocation of HMRC’s VAT Central Unit

Mon, 08 Sep 2008 16:02:11 GMT

Returns must be sent to a new address

Service Companies question on self assessment returns

Mon, 08 Sep 2008 10:11:59 GMT

Guidance for members

Future regulation of VAT invoicing

Tue, 02 Sep 2008 13:57:30 GMT

Europe must not force onerous VAT invoicing requirements

TAXline Tax Practice 21

Tue, 02 Sep 2008 12:37:11 GMT

New capital allowances rules explained

Holiday homes abroad purchased through a company

Tue, 02 Sep 2008 12:26:35 GMT

Refunds for overpaid tax

HMRC feedback page

Tue, 02 Sep 2008 11:28:02 GMT

Reporting broken website links

Statutory legacy in intestacy

Mon, 01 Sep 2008 13:58:13 GMT

A big increase in limits from February 2009

Working Together regional conferences

Mon, 01 Sep 2008 13:56:42 GMT

Regional conferences for agents this autumn.

HMRC Links with large business

Mon, 01 Sep 2008 12:29:09 GMT

HMRC publishes research into the results of the Varney Review

Tax and a civilised society

Mon, 01 Sep 2008 12:27:35 GMT

A conference in Cape Town discusses how to improve tax systems in Africa

Guidance on HMRC clearances for IHT business property relief

Wed, 27 Aug 2008 11:07:10 GMT

Tax Faculty publishes TAXGUIDE 5/08

HMRC’s Agent Update

Wed, 27 Aug 2008 11:06:19 GMT

Issue 7 now available

HMRC’s IHT and Trusts Newsletter

Wed, 27 Aug 2008 11:05:18 GMT

August issue

Transferable IHT nil rate band

Wed, 27 Aug 2008 11:04:25 GMT

Guidance where ED or CTT applied to the first death

2008-09 Self Assessment Tax Return

Wed, 27 Aug 2008 11:03:36 GMT

Send us comments/views on the Tax Return and Guidance Notes

Tax Law Rewrite

Wed, 27 Aug 2008 11:02:40 GMT

HMRC publishes various papers

Double Tax Conventions – UK 2008-09 programme

Wed, 27 Aug 2008 11:01:18 GMT

HMRC publishes its programme for 2008-09

Residence and domicile

Tue, 29 Jul 2008 10:25:18 GMT

New HMRC guidance following FA 2008

Date of our next newswire

Tue, 29 Jul 2008 10:18:44 GMT

After today, the Tax Faculty newswire service will take a summer break

Compulsory online filing

Tue, 29 Jul 2008 09:37:27 GMT

Assessment of discrimination issues – HMRC consultation
As is well known, HMRC will be introducing compulsory online filing for VAT, corporation tax and employers' annual and in-year returns

New HMRC news service

Mon, 28 Jul 2008 18:32:39 GMT

RSS feed specifically for agents

Freedom of Information requests

Mon, 28 Jul 2008 18:31:53 GMT

HMRC publishes updated guidance

Finance Act 2008

Mon, 28 Jul 2008 18:31:07 GMT

Royal Assent given on 21 July

VAT: partial exemption and higher education institutions

Mon, 28 Jul 2008 18:30:21 GMT

Revenue & Customs Brief 34/08 on retrospective claims for input tax

Getting taxpayers to file returns and pay tax on time

Mon, 28 Jul 2008 18:29:32 GMT

We would like your comments on the HMRC consultation

More dedicated phone lines for agents

Mon, 28 Jul 2008 18:28:51 GMT

Sunderland and Portsmouth come on stream

New PAYE codes and bands to be used from September

Mon, 28 Jul 2008 18:28:09 GMT

HMRC is contacting employers

Tax problems with contributions to overseas pensions

Mon, 28 Jul 2008 18:27:18 GMT

A reminder to send us your input this week

Pension schemes

Mon, 28 Jul 2008 18:26:30 GMT

Latest information from HMRC

Travel expenses for temporary workers

Mon, 28 Jul 2008 18:25:42 GMT

Government consultation launched

VAT exemption for fund management services

Mon, 28 Jul 2008 18:23:48 GMT

Revenue & Customs Brief 35/08

SA online filing

Mon, 28 Jul 2008 16:22:35 GMT

HMRC list of exclusions, specials and work-arounds
HMRC has recently drawn attention to its lists of 'exclusions' and 'specials' in the context of self assessment online filing. These are situations where returns cannot automatically be filed online.

Delays in processing online requests to reduce POAs

Mon, 28 Jul 2008 11:07:33 GMT

Foreign company profits – a change of heart

Mon, 28 Jul 2008 10:35:56 GMT

The Government has announced a rethink of its proposals

Changes to the Single Payment Scheme

Mon, 28 Jul 2008 10:34:52 GMT

Accounting implications for farmers

Substantial donors to charities

Tue, 22 Jul 2008 15:00:41 GMT

HMRC has launched a consultation, Substantial Donors to charities

Tax Law Rewrite draft Corporation Tax Bills

Tue, 22 Jul 2008 11:52:38 GMT

The Tax Faculty has submitted TAXREP 51/08, TAXREP 52/08, TAXREP 53/08 and TAXREP 54/08 and TAXREP 55/08 setting out its comments on draft tax law rewrite corporation tax Bill 6

Tax credits renewals reminder

Tue, 22 Jul 2008 11:46:42 GMT

The renewal deadline for Child Tax Credit (CTC) and Working Tax Credit (WTC) – 31 July – is fast approaching.

HMRC publishes its 2008 Departmental Report and Accounts

Tue, 22 Jul 2008 11:43:19 GMT

The Departmental Report reflects an organisation that has come through a difficult year in 2007/08. The report is signed off by Dave Hartnett who has been acting Chairman since Paul Gray stood down in late November 2007 following the loss of two discs containing the personal data of 25 million citizens. The data loss was the subject of an independent enquiry chaired by Kiernan Poynter of which the second report was published in June 2008 and reported by the Tax Faculty at the time.

Three new Double Tax Treaties and one update

Tue, 22 Jul 2008 11:35:37 GMT

Statutory Instruments have been laid before Parliament to bring into force new Treaties with Moldova, Saudi Arabia and Slovenia.

Simplification of anti avoidance legislation

Tue, 22 Jul 2008 11:22:31 GMT

HMRC has published on its website an update on the position re discussions on simplification of some of the current anti avoidance laws.

New facility to print Self Assessment returns in PDF format

Tue, 22 Jul 2008 11:20:59 GMT

During May the Tax Faculty received complaints from a number of members that a PDF version of the Self Assessment return was no longer available where HMRC software had been used to prepare the return. The printout (generated from the xml) contained the content of the return but it didn’t look like the return form.

Service company question on ITSA tax return

Tue, 22 Jul 2008 11:06:14 GMT

It is anticipated that revised notes to accompany the tax return question will be published by HMRC shortly.

Outstanding P11D(b) returns for 2006-07

Tue, 22 Jul 2008 11:03:14 GMT

On 16 July at HMRC announced that from Monday 14 July 2008 it is issuing penalty notices where its records show that the Department has not yet received a form P11D(b) for 2006-07 from employers required to submit one.

Payrolling of benefits-in kind

Tue, 22 Jul 2008 10:45:00 GMT

HMRC published on 16 July a summary of responses received to its consultation document on payrolling benefits-in-kind and expense payments in the payroll. The consultation document was published on 13 December 2007 and we responded, TAXREP 25/08, in March (see newsitem dated 27 March which provides links to both).